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Rare Freestanding Sub $4m Wesfarmers Investment Opportunity

119-123 Gray Street, HAMILTON VIC, 3300

Sold

Property Sold in 119-123 Gray Street, HAMILTON VIC, 3300

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11353904
Status:
Sold
Price:
$3,900,000
Last Updated:
22/05/2020
Icon building

Property Type

Retail/Showrooms/Bulky Goods/Offices
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Land Area

1769 SQM
Icon size

Floor Area

2081 SQM
Icon parking

Parking

N/A

Rare Freestanding Sub $4m Wesfarmers Investment Opportunity

Securely leased to September 2022 plus options to 2032.
Significant depreciation, 42% of rent potentially tax free.
High yield investment, blue-chip tenant. - 9.5% yield anticipated
Target: Iconic 93 year old retailer, wholly owned by $41 billion Wesfarmers.
Modern 2,081 sqm* retail development,built 2007, with 17 basement car spaces plus exclusive rights to a further 55 car spaces.
Generous 20.7 metre* frontage to Gray Street, the key retail strip in the region.
Strategic location surrounded by Woolworths, Coles, IGA, Harvey Norman and all major banks.
Hamilton: Important commercial service centre servicing 20,000+ trade catchment.
Estimated Net Income: $371,103 pa + GST

For Sale by Private Treaty

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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